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<p>[QUOTE="medoraman, post: 1457481, member: 26302"]But not the way its set up. You have to understand the market was created after centuries of seeing how markets are all too easily manipulated by corners. Today's market, if someone tries to corner, there are new "supplies" of paper silver that can be created to prevent such actions. You may not like it, but the market is set up I believe exactly to prevent such occurences, since it can be devastating to everyone concerned except the person profiting from the corner. </p><p><br /></p><p>If you read the history of commodity markets, and their troubles and pitfalls, I think you would come to feel better about commodity markets today. They are efficient, resilient machines to find pricing changes without the downside of such markets, which is susceptibility to major manipulation at the whim of a deep pocket investor. </p><p><br /></p><p>Now, you may say the market maker is making too much, or its too much in his benefit, and that would be fair. If you truly study the history of such markets, though, I would challenge you to construct a better one. I would say today's markets are much like democracy, terrible but better than any other alternative.</p><p><br /></p><p>Just my view.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1457481, member: 26302"]But not the way its set up. You have to understand the market was created after centuries of seeing how markets are all too easily manipulated by corners. Today's market, if someone tries to corner, there are new "supplies" of paper silver that can be created to prevent such actions. You may not like it, but the market is set up I believe exactly to prevent such occurences, since it can be devastating to everyone concerned except the person profiting from the corner. If you read the history of commodity markets, and their troubles and pitfalls, I think you would come to feel better about commodity markets today. They are efficient, resilient machines to find pricing changes without the downside of such markets, which is susceptibility to major manipulation at the whim of a deep pocket investor. Now, you may say the market maker is making too much, or its too much in his benefit, and that would be fair. If you truly study the history of such markets, though, I would challenge you to construct a better one. I would say today's markets are much like democracy, terrible but better than any other alternative. Just my view. Chris[/QUOTE]
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